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In the current year, Dylan earned taxable and tax exempt interest from the following instruments: 10- year municipal bond (issued in 2009) $1,300 10 year

In the current year, Dylan earned taxable and tax exempt interest from the following instruments:

10- year municipal bond (issued in 2009) $1,300

10 year private activity bond (issued in 2010) $1,600

10- year treasury bond (issued in 2013) $2,000

10 year private activity bond (issued in 2014) $900

savings account $1,100

Dylan purchased all of the bonds on their issuance date. In addition, Dylan borrowed funds with which to purchase the 2010 private activity bond and incurred an interest expense of $350 on that loan in the current year.

How much interest income will Dylan recognize for the regular tax purposes in the current year? What is her current year AMT preference or adjustment for interest income?

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